The phrase tax originally from the Latin ‘taxo’ which means obligatory monetary fares or some classifications of levies foisted on taxpayers, taxpayers could be personals or another legal institutions. Failure to pay, together with refusal of taxation, can be penalized by law. Tax consists of direct or indirect taxes also could be paid in the form of money or equivalent to labor.
Most nations own a tax system that is utilized to pay for public needs or to construct public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of personal annual income, but most tax scales are based on annual income. Most nations foist taxes on corporate income and dividends. Nations usually also impose property taxes, sales taxes, value added taxes, salary or tariff taxes.
This blog provides many templates of various categories of taxes stated above, so you could easily do your tax calculations both private and legal entities.
These templates could also be used for students who learn about taxes to complete their homework assignments. Also for workers who do organization tax estimates in their regular job. Hope this inspires you all.
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